406 E Ave - Multi-Family FOR SALE


Coronado, CA 92118
$3,396,235 USD
619-675-0123
406 E Ave, Coronado, CA for Sale
$3,396,235 USD
Multi-Family - FOR SALE
1/46
null | 2.75% Cap Rate

406 E Ave
Coronado, CA 92118


HIGHLIGHTS

  • Detached Front House
  • 2-Car Garage Off Alley
  • Great Location

OVERVIEW

Rare Coronado multi-unit investment opportunity. Properties like this seldom come to market, especially after being held long-term by the same ownership. This unique three-unit compound features a detached front 2-bedroom cottage, a spacious and light-filled 2-bedroom townhouse above, and a ground-floor studio plus a two-car garage at the rear. The upper townhouse offers generous living spaces and a sunny private terrace, ideal for long-term or premium rental appeal. The downstairs studio is perfectly suited for independent living, with strong demand potential for local military personnel utilizing off-base housing allowances. The front cottage is primed for thoughtful remodeling and offers a fantastic floorplan, entertaining sized front yard and a secluded patio in the back. Ideally located just a couple blocks to the schools, Concert In The Park, shopping, and easy transit, this is an excellent owner-occupant or value-add investment in one of Southern California’s most supply-constrained markets. Property is part of an estate sale and will convey as is.

FOR SALE DETAILS

PRICE

$3,396,235 USD

PRICE/SF

$970 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,132,078

CAP RATE

2.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,503 SF

ZONING

-

APN/PARCEL ID

537-420-04-00

ASK ABOUT THIS PROPERTY

Kenneth PecusThe Pecus GroupMore Info
619-675-0123

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Kenneth PecusThe Pecus GroupMore Info
619-675-0123

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.